Getting the loan on collateral is awesome in another way as well though...
If the interest rate is low enough (which it is in DEFI; sometimes 0%) we get to print out money that's guaranteed to go down in value. Shorting USD seems like a good plan in this environment which is exactly what a loan is.
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That is an extremely nice point of view.
If i was sure the old system would hang around a while, i might do that.
But, right now, i am looking forward to trading some XRP for some land.
I hope i can get that to happen without having to sell out of one and buy into the other.
The old system not hanging around is the best outcome.
USD crashes to zero and you owe back zero on the loan.